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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Joe Stocks who wrote (39747)5/21/2002 7:15:51 AM
From: Larry S.  Read Replies (1) | Respond to of 53068
 
ILA - the old Utilicorp. 14 and change 8% + yield, PE of 7, smeared by association with trading energy companies (they do have a division that does that). opportunity? finance.yahoo.com
story: biz.yahoo.com larry



To: Joe Stocks who wrote (39747)5/21/2002 8:55:23 AM
From: DanZ  Read Replies (1) | Respond to of 53068
 
I think that I answered your question in my post to Larry. I would agree that GLW is in a downtrend on the long term chart, but the stock has been relatively flat in a narrow trading range on the daily chart. I wouldn't call the daily trend down. I don't have time to post any backup data at the moment, but Corning's stock is trading at a historically low level relative to revenues/share, earnings/share, and dividends. If one believes like me that the economy is close to a bottom, I think that it is a good idea to buy companies like ORCL and GLW if they drift lower. Like I said, I would trade these stocks around a core position because they are volatile and I don't think that these stocks or the overall market is ready to sustain a rally.